A nonpartisan government watchdog said on Thursday that the Obama administration is violating the law by directing funds in an ObamaCare program to insurers instead of to the U.S. Treasury. Republicans, who had argued that the payments were illegal, hailed the Government Accountability Office (GAO) opinion.
At issue is ObamaCare's so-called reinsurance program, which is designed to stabilize the market and protect against premium hikes in the early years of the healthcare law. Under the program, the government collects money from insurers and then gives it to plans with high-cost enrollees.
